Jens Weidmann

Jens Weidmann ( born April 20, 1968 in Solingen ) is a German economist. He was appointed on 1 May 2011, until then the youngest president of the Deutsche Bundesbank and is a board member of the Bank for International Settlements in Basel.

Training

1987 became Weidmann his Abitur at the Gymnasium in the Taus in Backnang, Baden- Württemberg. He studied economics at the University Paul Cézanne in Aix -en- Provence, Paris, and at the Rheinische Friedrich- Wilhelms-Universität Bonn. He completed internships in the German Ministry of Economics, in the Banque de France and the Central Bank of Rwanda.

His doctorate, he began in 1993 at the Mannheim economist Roland Vaubel, interrupted her there after a year and put it to the University of Bonn in the money theorist Manfred Neumann continued where he rer 1997 with the Dr.. pol. completed. Second supervisor was the former Bundesbank President Axel Weber, then a professor in Bonn.

Professional activity

From 1997 to 1999 he worked at the International Monetary Fund. He then became General Secretary of the Advisory Council on the Assessment of economic development. After Axel Weber, who was since 2002 a member of the Expert Council, was appointed Federal Reserve Chairman in 2004, he appointed Jens Weidmann to his department head for monetary policy and monetary analysis, and later as Deputy Head of the Central Economics. 2006 appointed Chancellor Angela Merkel Jens Weidmann to head the Division IV ( Economic and Financial Policy) at the Federal Chancellery. After Weidmann been held responsible for the content and strategic preparation for the G20 Round, the Chancellor also conferred on him in December 2009, the role of the G8 Chief Negotiator ( " Sherpa ").

In February 2011, Angela Merkel was his successor as president of the Deutsche Bundesbank known as successor Axel Weber. He received the certificate of appointment on 29th April 2011 by the then Federal President Christian Wulff. As President of the Deutsche Bundesbank, he is a member of the Governing Council.

In his inaugural speech he stated:

" Monetary policy is about to exit from the crisis-related special measures, and a clear division of responsibilities between monetary and fiscal policy. "

Since then, the Greek financial crisis has European politics and the central banks to a great extent. In July 2011, he expressed at the time significant criticism of German policy and spoke out against the purchase of government bonds by the European rescue fund. In September 2011, Weidmann distanced itself from the crisis policy of the European Central Bank ECB who've taken with their monetary measures to calm the markets substantial risks in their balance sheet, for which 27 percent of the German taxpayers must stand. Prior to the Budget Committee of the Bundestag Weidmann criticized the increase of the guarantee for the EFSF to 780 billion euros. In February 2012, Weidmann warned of the growing risk within the euro central bank system Target 2 and suggested a more secure receivables before facing the financially weak banks in euro countries, a value of more than 800 billion euros (of which only the German Bundesbank about 500 billion euros ) had reached. The collateral requirements had been reduced due to the financial crisis by the Governing Council.

In June 2012, he rejected the claim of the Italian prime minister Mario Monti, Italy should billion from the euro rescue packages EFSF and ESM obtained without complying with the appropriate requirements:

"The proposal Montis runs on a banned by the EU Treaties public finance by printing money out."

In September 2012, Weidmann voted in the Governing Council meeting is the only one with "No" against the decision of the ECB to want to buy, under certain conditions, unlimited sovereign bonds of member countries. The ECB's approach was too close to a public finance and distribute substantial risks between taxpayers in different countries. Weidmann called for a public debate on the purchase of government bonds. This is rejected by the finance minister of Germany.

On 11 and 12 June 2013, the Federal Constitutional Court negotiated; Among other things, Weidmann and Jörg Asmussen were interviewed.

Awards

  • 2012 Ludwig Erhard Prize for Business Journalism
  • 2012 Economic Developer of the Year in the competition Grand Prix of the middle class of the Oskar- Patzelt - Foundation
Aix-en-Provence European Financial Stability Facility Federal Constitutional Court of Germany Handelsblatt Reuters Hermann von Dechend Hjalmar Schacht Hans Luther Karl Blessing Karl Klasen Otmar Emminger Helmut Schlesinger Hans Tietmeyer Integrated Authority File
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